Last update: Jun 6, 2022

How to Buy Ocean Protocol (OCEAN)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Ocean Protocol. Depending on where you’re located, you’ll have a few trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Ocean protocol

How to Buy Ocean Protocol – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Ocean Protocol of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy Ocean Protocol

Now that you have what you need to buy Ocean Protocol, head over to the market or buy section of the cryptocurrency exchange and buy some OCEAN.

If the crypto exchange doesn’t have any Ocean Protocol on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Ocean Protocol first), and trade your Ethereum for Ocean Protocol.

Where to Buy Ocean Protocol (OCEAN)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Ocean Protocol

  1. Sign into the cryptocurrency exchange where you bought Ocean Protocol.
  2. Move your Ocean Protocol to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Ocean Protocol.

 

Crypto trading

How to Buy Ocean Protocol (OCEAN) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Ocean Protocol in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Ocean Protocol if it’s available. If the exchange doesn’t have Ocean Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ocean Protocol), and trade your ETH for Ocean Protocol.

Alternatively, if you want to learn more about the exchanges we prefer, read our list of the best bitcoin trading platforms in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Ocean Protocol (OCEAN) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Ocean Protocol in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Ocean Protocol if it’s available. If the exchange doesn’t have Ocean Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ocean Protocol), and trade your ETH for Ocean Protocol.

Also, check out our comparison of the most popular crypto exchanges in Canada if you’re curious to know more about the exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Ocean Protocol (OCEAN) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Ocean Protocol in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Ocean Protocol if it’s available. If the exchange doesn’t have Ocean Protocol. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ocean Protocol), and trade your ETH for Ocean Protocol.

Alternatively, if you want to know more about which exchanges we like, check our comparison of the places where to buy cryptocurrency in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Ocean Protocol? OCEAN Rundown

Ocean Protocol is a Blockchain-based ecosystem that allows individuals to unlock the value and monetize their data through the use ERC-20 datatokens.

Ocean Protocol allows publishers to monetize data while maintaining privacy and control. Consumers can also access datasets previously difficult or unavailable. These datasets are available on the Ocean Market where they can later be consumed or sold.

Ocean Protocol's data services are represented by unique datatokens. These tokens can be used to wrap data or compute-to data services. This allows third parties to access the data and perform operations without the data ever leaving the publisher's secure enclave.

OCEAN is a utility token used for community governance and staking data. It can also be used to buy and sell data on the Ocean Market. An OCEAN-datatoken MM pool sets the price for these datatokens. This adjusts the price as the token is purchased and sold based upon supply and demand.

Ocean Protocol allows anyone with desired datasets to tokenize and make their data available on the Ocean Market.

This creates an additional income stream to data publishers, while scientists, researchers and data analysts have access to more reliable information.

Ocean Protocol offers the tools necessary for companies to create and launch their data markets. This can be done by either forking the Ocean Protocol or using the Ocean Protocol React hooks. This document also contains extensive documentation that will assist you in this process.

Holders of OCEAN tokens have the opportunity to directly participate in datatoken economics by staking their tokens onto datasets on Ocean Market. The selected OCEAN datatoken pool will select l liquidity providers , and the token holders become part of that pool's l stable. They also earn a fraction the transaction fees.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.